By Devika Patel
Knoxville, Tenn., May 20 - Fortified Holdings Corp. said it settled a $1.26 million private placement of units.
The company sold 3.15 million units at $0.40 apiece. Each unit consists of two common shares and a warrant.
Fortified chairman and chief executive officer Brendan Reilly invested $200,000 in exchange for 500,000 units.
Falcon Capital LLP was the agent.
Global Resource is a petrochemical technology company based in West Berlin, N.J.
| Issuer: | Fortified Holdings Corp.
|
| Issue: | Units of two common shares and one warrant
|
| Amount: | $1.26 million
|
| Units: | 3.15 million
|
| Price: | $0.40
|
| Warrants: | One warrant per unit
|
| Agent: | Falcon Capital LLP
|
| Investor: | Brendan Reilly (for $200,000)
|
| Settlement date: | May 20
|
| Stock symbol: | OTCBB: FFDH
|
| Stock price: | $0.18 at close May 19
|
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